Why do prosperous economies develop in some countries and not in others? The Working Group on Long-Run Prosperity applies approaches from a range of disciplines to understand the mechanics of long-run growth. It disseminates the results to the research community, policy makers, and the broader public.

Working Group on Long-Run Prosperity Conference
The Chinese Economy in the Long Run

The Hoover Institution hosts the Chinese Economy in the Long Run on March 6-7, 2025

How did China go from being the wealthiest and most innovative society in the world circa 1000 to economic decline 500 years later? How did it grow fast enough to achieve middle-income status during the late 20th century? Is China poised to break into the ranks of high-income countries at present? The Working Group on Long-Run Prosperity is convening a distinguished group of economists, historians, and political scientists from around the world to address questions about China’s economic growth and stagnation over the past 1000 years.

The Middle-Income Trap in Latin America

Hoover Institution Delegation Visits Mexico to Explore Pathways to Economic Prosperity for Latin America

In December 2024, a delegation of scholars affiliated with the Hoover Prosperity Program travelled to Mexico for a series of meetings aimed at understanding why economic growth has stagnated within Mexico and many other Latin American countries as well as what a path to prosperity in the region might look like.

Long-Run Prosperity Research

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